CBA 0.64% $96.18 commonwealth bank of australia.

will break to the downside.

  1. 7,397 Posts.


    Looks like CBA will break downwards soon and fall through its bottom trend line ,



    To confirm my theory do an interesting exercise is you have a charting pack with Gann tools ,

    Place the Gann fan axis using the low of Sept 11 as the start point ,

    you will notice the CBA price is being supported by the last Gann fan angle 8*1 at 7.5%,(very negative)


    As a matter of fact it can not get any closer and continues to make lower tops ,

    Gann would call this a pressure point ,or multi bottom waiting for a reversal, down towards $24.76 lows



 
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Last
$96.18
Change
0.610(0.64%)
Mkt cap ! $169.5B
Open High Low Value Volume
$95.43 $96.18 $94.82 $99.10M 1.037M

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Last trade - 13.10pm 13/05/2021 (20 minute delay) ?
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Last
$96.15
  Change
0.610 ( 0.93 %)
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$95.41 $96.24 $94.82 118757
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CBA (ASX) Chart
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